Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$ 209,400 Budgeted production (a) 20,000unitsStandard hours per unit (b) 1.50machine-hoursBudgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000unitsStandard hours per unit (b) 1.50machine-hoursStandard hours allowed for the actual production (a)
× (b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$ 195,512 Actual hours 22,300machine-hoursThe fixed overhead volume variance is: (Round your intermediate calculations to 2 decimal places.)
A. $57,675 U
B. $42,675 F
C. $42,675 U
D. $57,675 F
Answer: C
You might also like to view...
Answer the following statements true (T) or false (F)
1. Integration is the tendency of the parts of an organization to draw together to achieve a common purpose. 2. The four stages of organization life cycle include birth, growth, stability, and maturity. 3. In general, organizations become more bureaucratic over their lifetimes. 4. The first stage of in an organization's life cycle is known as the creation stage.
____________ create value by solving clients’ problems through the direct application of expert knowledge.
a. HR managers b. Strategic human resources c. Knowledge-intensive firms d. Virtual organizations
Under a typical private long term care policy
A) only skilled nursing care is covered. B) only Medicare approved services are covered. C) you are only covered if you can demonstrate you can no longer care for yourself. D) your benefits begin whenever you decide you need to enter a nursing home.
E-mail bodies that have non-English text use ________
A) RFC 822 and RFC 2822 B) HTTP C) MIME D) UNICODE